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Executive Summary
The FASB version of the Leases project is expected to be issued within the next 2 weeks. The following is a brief summary of the proposed changes and transition plan for Lessee Accounting
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FASB – Preparing for the Upcoming Leasing Standard
During the first quarter of 2016, the FASB will issue its new standard on Leases. While the standard will represent a significant improvement to financial reporting, it also will be a change for many organizations—particularly those who engage in significant activities as a lessee.
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Fair Market Value or $1 Buyout Lease
When you’re looking to preserve or access capital, equipment financing is an attractive option that offers these and numerous other benefits when acquiring equipment.
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Convergence Lease Project
To help our clients better understand the FASB / IASB Convergence project and how it may affect their business, we have provided answers to the most common questions effecting lessees regarding the current state of the project.
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Preparing for the New Lease Accounting Rules
The new lease accounting rules – ASC Topic 842 were signed in 2016 with a long implementation window such that public companies must transition to the new rules in 2019. And while 2019 seems distant, many actions should begin now. The presentation requirements are to show 3 year’s P&L (2017, 2018, & 2019) and 2…
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Sohini Roy joins CG Commercial Finance as Chief Financial Officer
IRVINE, CALIFORNIA, May 11, 2017. Sohini Roy has joined CG Commercial Finance as Chief Financial Officer. As a key member of the management team, she will be responsible for extended lending capabilities while scaling operations and systems to meet the substantial growth demands of the company. Previously, Roy was Co-Founder and CFO of Allsop MyR+A…
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EQUIPMENT OR PROJECTS THE BANKS DON’T UNDERSTAND
A CFO meets with the executive committee to discuss a product line expansion. The expansion represents a huge opportunity to take share in a weak market and their manufacturing discipline should allow them to achieve accretive returns quickly. But secretly, the CFO is freaking out because he knows the bank group is going to…
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WITH GE CAPITAL’S MONEY GONE, YOU JUST MIGHT NEED A COWBOY.
“Where have all the cowboys gone?” In addition to being a heavily mediocre ‘90s pop song, it’s a phrase that might be ringing in the head of middle market CFOs. For years there was a clear delineation when accessing capital: the banks and the industrial finance companies. And while it was occasionally fun to…
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CG Commercial Finance acquired by Atalaya Capital Management
CG Commercial Finance (CGCF) has completed a transaction selling all of the outstanding stock of the company to funds managed by Atalaya Capital Management LP.
DetailsTop 10 Equipment Acquisition Trends for 2016
The Top 10 Equipment Acquisition Trends for 2015 are designed to assist businesses in planning their acquisition strategies
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Lease Project Last Decision-Making Meeting
The following is a brief summary of the issues discussed at the Oct 7, 2015 meeting: 1) Comments to Fatal Flaws Document, 2) Initial Direct Costs, 3) Lessor Presentation, 4) Lease Extensions and, 5) Relief to Private Companies.
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Lease Accounting Project Nearing Completion
Work is virtually completed on the lease accounting project of the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB).
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FASB Recent Meeting Results – Timeline, Disclosures and Transition
The FASB held two recent meetings to cover disclosures, transition rules and an update of the project timeline. The most important headline is that they plan to finish the standard and issue it by year end 2015.
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